NIOC Eyes $145 Billion Foreign, Domestic Investments in 4 Years

The National Iranian Oil Company has prepared a long-term plan to attract foreign and domestic investments worth $145 billion over the next four years.
Oil Minister Javad Owji made the statement while vising the head of China Petroleum and Chemical Corporation (Sinopec) office, Zhong Gouydoung, in Tehran on Tuesday, the Oil Ministry’s news portal Shana reported.
“The investment will be primarily used for developing shared oil and gas fields,” he added, noting that NIOC is willing to resume cooperation with Chinese oil giants, including Sinopec and China National Petroleum Corporation, as they are distinctly familiar with Iran’s hydrocarbon reserves.